The Central Bank of Nigeria (CBN) has introduced a new policy to strengthen its drive towards a cashless economy, setting…
Reps ask CBN to clamp down on illegal digital loan platforms
The House of Representatives has urged the Central Bank of Nigeria (CBN) to shut down illegal loan platforms used by…
Just In: CBN Issues Fresh Directive Against Naira Hawkers, Orders Banks to Focus on ATM Cash Payments
The Central Bank of Nigeria (CBN) has directed banks to make sure cash is mostly given out through Automated Teller…
ICYMI: Nigeria’s FX reserves hit $40bn, highest in 33 months – Cardoso
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign exchange reserves have reached…
FG Exceeds Budget Deficit By 85% As MPC Seeks Fiscal Support Against Inflation
As the Central Bank of Nigeria (CBN) continues to adopt a tightening stance to curb rising inflation in the country,…
Foreign remittances surge to $600m
The Central Bank of Nigeria (CBN) facilitated the remittance of approximately $600 million through International Money Transfer Operators (IMTOs) in…
CBN to unveil revamped website soon – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has revealed that the bank is currently working to launch…
CBN sells $543.5m to stabilise FX market in September
The Central Bank of Nigeria (CBN) has revealed that it sold a total of $543.5 million (N844,920,000,000.00) to authorised dealer…
CBN introduces electronic foreign exchange matching to curb speculation
The Central Bank of Nigeria, CBN, has announced the introduction of the Electronic Foreign Exchange Matching System, EFEMS, for foreign…
Tinubu never asked CBN Gov, Cardoso to resign – Presidency
The presidency has said that President Bola Tinubu has not asked Yemi Cardoso to resign from his position as the…